Banks’ EFSF bonds QE eligible but with little impact on liquidity

Photo by Andreas Levers via Flickr
Photo by Andreas Levers via Flickr

A European Stability Mechanism (ESM) spokesman confirmed on Friday that the restrictions on outright selling of EFSF bonds held by Greek banks have been lifted.

This applies only for the participation of Greek banks’ EFSF bond holdings in ECB quantitative easing (QE) in the context of its Public Sector Purchase Programme (PSPP).

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